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Lightspeed Announces Closing of Acquisition of NuORDER

PR Newswire

Acquisition establishes global commerce platform as industry-leading bridge
between merchants and suppliers

MONTREAL, July 2, 2021 /PRNewswire/ – Lightspeed (NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced the closing of the previously reported acquisition of NuORDER, a transformative digital platform connecting businesses and suppliers. Lightspeed finalized the acquisition for cash consideration of approximately $206.9 million, net of cash acquired, and the issuance of 2,143,393 subordinate voting shares in the capital of Lightspeed at closing, subject to customary post-closing adjustments. An additional 500,629 subordinate voting shares in the capital of Lightspeed will be issued to certain NuORDER employees over the next three years, contingent on the achievement of certain milestones.

The acquisition establishes Lightspeed as a global distribution network for leading brands, capitalizing on the early success of the Lightspeed Supplier Network to simplify product ordering for retailers and offer suppliers such as Canada Goose, Converse and Arc’teryx critical insights into how their products move. NuORDER currently serves over 3,000 brands and saw more than 100,000 retailers process more than $11.5 billion in orders through its platform in the trailing twelve-month period ended March 31, 2021. NuORDER generated revenue1 of over $20 million and grew at a rate exceeding 30% year-over-year during the same period.

About Lightspeed

Powering the businesses that are the backbone of the global economy, Lightspeed’s one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. The cloud solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financing and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

For more information, see www.lightspeedhq.com

Follow us on social media: LinkedIn, Facebook, Instagram, YouTube, and Twitter

Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Particularly, information regarding Lightspeed’s expectations of expected acquisition outcomes and synergies. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, under “Risk Factors” in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed’s subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.


1 Calculated in accordance with U.S. GAAP.

 

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SOURCE Lightspeed POS Inc.

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Plug Power Named to Food Logistics’ Top Green Providers List for Fifth Year in a Row

LATHAM, N.Y., July 02, 2021 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has been named to the Top Green Providers list for 2021 by Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain.

Food Logistics’ annual Top Green Providers recognizes companies whose products, services or exemplary leadership is enhancing sustainability within the cold food and beverage industry. The editorial staff evaluates a company’s participation in such programs as the EPA’s SmartWay and other recognized sustainability programs; facilities that are LEED-certified and/or feature solar panels, LED lighting and other energy saving installations and retrofits; and other means of producing measurable reductions in GHG emissions, to name a few.

2021 marks the fifth year in a row that Plug Power has been named on the Top Green Providers list. Plug Power’s industry record number of 40,000 GenDrive fuel cell units deployed have logged more than 713 million hours of runtime in the material handling field and over 39.9 million hydrogen fills performed.

These staggering numbers underscore the impact our products are making on the global logistics industry and sustainability. During the height of the pandemic, Plug Power’s robust products were operating at 99% efficiency and moved approximately 30% of the retail food and groceries through the United States to support the needs of customers like Walmart, Amazon, Kroger, SuperValu, Wegmans, and Aryzta. Plug Power fuel systems continue to run at record high levels, and we continue to be deemed an essential business due to our role within the global food supply chain.

“When the pandemic hit, I thought for sure that sustainability would be pushed to the wayside. But, in fact, the complete opposite happened. And, I couldn’t be more appreciative of the supply chain industry’s efforts in making sustainability top of mind in every aspect of their organization despite the many supply chain disruptions they continue to face,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive. “Sustainability is the key to success, and the recipients of this year’s award prove that when sustainability matters to them, they will continue to do great things and make a difference in the industry.”

“We recently increased our green hydrogen generation targets to 500 tons per day by 2025 and 1,000 tons per day before 2028. Working with partners, Plug Power has continued to make progress on moving multiple plants forward with expected completion of two green hydrogen generation plants by the end of 2022,” said Andy Marsh, Plug Power CEO. “We remain committed to building a resilient, first of a kind, green hydrogen network in the US to support the mission to decarbonize the broader transportation and logistics industries, a mission shared by both Plug Power and its customers.”

About Plug Power

Plug Power is building the green hydrogen economy as the leading provider of comprehensive green hydrogen and fuel cell turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell technology. As a result, the Company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. Plug Power’s vertically-integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The Company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers. Learn more at www.plugpower.com.

About Food Logistics

Food Logistics is the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, focusing on trucking, warehousing, packaging, risk management, food safety and more. Go towww.FoodLogistics.com.

Safe Harbor Statement
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc.(“PLUG”), including but not limited to statements about PLUG’s expectations regarding its business strategy and goals and its expectations concerning its environmental, social and governance initiatives, and its market positions and future operations or performance. You are cautioned that such statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will have been achieved. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission, including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2020. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

Media Contact

Ian Martorana
The Bulleit Group
(415) 237-3681
[email protected] 

 



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Superior Group of Companies Announces Promotions of Philip Koosed and Jake Himelstein

SEMINOLE, Fla., July 02, 2021 (GLOBE NEWSWIRE) — Superior Group of Companies, Inc. (NASDAQ: SGC), is excited to announce two promotions, effective immediately, among its executive team. Philip Koosed, who is the Founder of BAMKO® and has served as its President, is promoted to Chief Strategy Officer of Superior Group of Companies. Jake Himelstein, who has served as the Chief Operating Officer and Chief Financial Officer of BAMKO, is promoted to President of BAMKO.

“This is an important and momentous day for Phil, Jake, and the entire company,” said Michael Benstock, CEO of SGC. “In welcoming a new member into the C-Suite, we are bringing in a dynamic leader with a proven track record of growth, vision, and an ability to execute.” In his role as Chief Strategy Officer, Koosed will be supporting all of SGC, including BAMKO, by providing strategic guidance and execution for the largest growth opportunities within the business. “What Phil, Jake and our team have accomplished at BAMKO these last few years has been phenomenal,” said Benstock. “Phil’s elevation, while deserved in its own right, has been made possible by Jake Himelstein’s emergence as an invaluable leader within the branded merchandise segment over the past few years.”

“I am genuinely excited about the opportunity to become the Chief Strategy Officer for SGC and look forward to helping propel SGC into its second 100 years of exemplary growth and value,” said Koosed. “BAMKO has been my life’s work and I will continue to play a key role in the vision and evolution of that business as well as all of SGC’s business units. I cannot wait to bring the spirit of growth, transformation, and fun that we have had at BAMKO to the future that we are all going to build together here at SGC.”

“We have created an incredible dynamic on so many levels here at BAMKO and I am excited to build upon that legacy,” said Himelstein. “We will move forward with an enhanced focus and commitment to the values that have made BAMKO such a special place for so many. I am honored to have the opportunity to lead this extraordinary team.”

About Superior Group of Companies, Inc. (SGC):


Superior Group of Companies

™ formerly Superior Uniform Group, established in 1920, is a combination of companies that help our customers unlock the power of their brands by creating extraordinary brand engagement experiences for their employees and customers. We provide customized support for each of our divisions through our shared services model.


Fashion Seal Healthcare

®, HPI® and WonderWink® are our core uniform brands. Each is one of America’s leading providers of uniforms and image apparel in the markets we serve. We specialize in innovative uniform program design, global manufacturing, and state-of-the-art distribution. Every workday, more than 7 million Americans go to work wearing a uniform from Superior Group of Companies.


BAMKO

®, Tangerine Promotions®, Public Identity® and Gifts By Design are our signature promotional product companies. We provide unique custom branding, design, sourcing, and marketing solutions to some of the world’s most successful brands.


The Office Gurus

® is a global provider of custom call and contact center support. As a true strategic partner, The Office Gurus implements customized solutions for our customers in order to accelerate their growth and improve our customers’ service experiences.

SGC’s commitment to service, technology, quality and value-added benefits, as well as our financial strength and resources, provides unparalleled support for our customers’ diverse needs while embracing a “Customer 1st, Every Time!” philosophy and culture in all of our business segments.

Visit www.superiorgroupofcompanies.com for more information.



Contact:

Andrew D. Demott, Jr.
COO, CFO & Treasurer
727-803-7135

-OR-

Hala Elsherbini 
Three Part Advisors
Senior Managing Director
214-442-0016

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West Virginia Lottery Commission Awards Genius Sports Landmark Sports Wagering License

West Virginia Lottery Commission Awards Genius Sports Landmark Sports Wagering License

State regulator gives Genius Sports approval to provide its market-leading solutions to licensed sportsbooks and lotteries under a permanent license regime

NEW YORK–(BUSINESS WIRE)–
Genius Sports Limited (NYSE: GENI) (“Genius Sports”), the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, announced today that it has been granted a permanent sports wagering license by the West Virginia Lottery Commission.

Genius Sports is at the vanguard of the U.S. sports betting industry as state regulators review their position on the practice. Genius Sports is now operational in 13 U.S. states, powering award-winning official data, streaming, and marketing solutions for leading sportsbooks and lotteries. West Virginia was the fifth U.S. state to offer legal and regulated sports betting when it launched in 2018.

Mark Locke, CEO of Genius Sports, said: “Genius Sports is fully committed to supporting the development of, and operating in, regulated territories in partnership with fully licensed sportsbooks. West Virginia remains at the forefront of liberalization in the U.S. and one of the most proactive proponents of legalized sports wagering. I’m honored that we have been awarded this license to provide our industry leading services in the Mountain state, and that our sportsbook partners will continue to utilize our solutions to help them thrive in this rapidly growing market.”

About Genius Sports

Genius Sports is the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media. We are a global leader in digital sports content, technology and integrity services. Our technology is used in over 150 countries worldwide, empowering sports to capture, manage and distribute their live data and video, driving their digital transformation and enhancing their relationships with fans.

We are the trusted partner to over 400 sports leagues and federations globally, including many of the world’s largest leagues and federations such as the NFL, EPL, FIBA, NCAA, NASCAR, AFA and PGA.

Genius Sports is uniquely placed through cutting-edge technology, scale and global reach to support our partners. We are more than just a technology company, we build long-term relationships with sports at all levels, helping them to control and maximize the value of their content while providing technical expertise and round-the-clock support.

Media:

Chris Dougan, Chief Communications Officer

+1 (202) 766-4430

[email protected]

Tristan Peniston-Bird / Charlie Harrison, The One Nine Three Group

+44 7772 031 886 / +44 7884 136 143

[email protected] / [email protected]

Investors:

Brandon Bukstel, Investor Relations Manager

+1 (954) 554-7932

[email protected]

KEYWORDS: West Virginia New York North America United States United Kingdom Europe Canada

INDUSTRY KEYWORDS: Data Management Entertainment Sports Technology Software General Sports Casino/Gaming

MEDIA:

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Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2021

Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2021

NEW YORK–(BUSINESS WIRE)–
Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced today that it will report earnings for the second quarter ended June 30, 2021 on Wednesday, July 28, 2021 prior to the opening of the Nasdaq Global Select Market. Ares Capital invites all interested persons to attend its webcast/conference call at 12:00 p.m. (Eastern Time) on the same day to discuss its second quarter ended June 30, 2021 financial results.

All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at www.arescapitalcorp.com. Please visit the website to test your connection before the webcast. Domestic callers can access the conference call by dialing (888) 317-6003. International callers can access the conference call by dialing +1 (412) 317-6061. All callers will need to enter the Participant Elite Entry Number 5926154 followed by the # sign and reference “Ares Capital Corporation” once connected with the operator. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected. For interested parties, an archived replay of the call will be available approximately one hour after the end of the call through August 11, 2021 at 5:00 p.m. (Eastern Time) to domestic callers by dialing (877) 344-7529 and to international callers by dialing +1 (412) 317-0088. For all replays, please reference conference number 10156455. An archived replay will also be available through August 11, 2021 on a webcast link located on the Home page of the Investor Resources section of Ares Capital’s website.

ABOUT ARES CAPITAL CORPORATION

Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. Ares Capital’s objective is to source and invest in high-quality borrowers that need capital to achieve their business goals, which often leads to economic growth and employment. Ares Capital believes its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, utilizes its extensive, direct origination capabilities and incumbent borrower relationships to source and underwrite predominantly senior secured loans but also subordinated debt and equity investments. Ares Capital has elected to be regulated as a business development company (“BDC”) and is the largest BDC by market capitalization as of June 30, 2021. Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a publicly traded, leading global alternative investment manager. For more information about Ares Capital, visit www.arescapitalcorp.com.

FORWARD-LOOKING STATEMENTS

Statements included herein or on the webcast/conference call may constitute “forward-looking statements,” which relate to future events or Ares Capital’s future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the impact of COVID-19 and related changes in base interest rates and significant market volatility on our business, our portfolio companies, our industry and the global economy. Actual results and conditions may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Ares Capital’s filings with the Securities and Exchange Commission. Ares Capital undertakes no duty to update any forward-looking statements made herein or on the webcast/conference call.

Ares Capital Corporation

Carl G. Drake or John Stilmar

(888) 818-5298

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Labcorp to Announce Second Quarter Financial Results on July 29, 2021

Labcorp to Announce Second Quarter Financial Results on July 29, 2021

BURLINGTON, N.C.–(BUSINESS WIRE)–
Labcorp (NYSE: LH), a leading global life sciences company, will release its financial results for the second quarter of 2021 before the market opens on Thursday, July 29, 2021. The company will host a conference call and webcast beginning at 9 a.m. ET that day to discuss the results. The earnings release and accompanying financial information will be posted on the Labcorp Investor Relations website.

Interested parties can access the conference call by dialing 1-877-898-8036 within the U.S. and Canada, or 1-720-634-2811 internationally, using the conference ID 1789612. In addition, a real-time webcast of the conference call will be available on the Labcorp Investor Relations website.

An audio replay of the conference call will be available from 1 p.m. ET on July 29, 2021, until 11:30 p.m. ET on August 12, 2021, by dialing 1-855-859-2056 within the U.S. and Canada, or 1-404-537-3406 internationally, using the conference ID 1789612. The webcast of the conference call will be archived and accessible through July 15, 2022, on the Labcorp Investor Relations website.

About Labcorp

Labcorp is a leading global life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. Through our unparalleled diagnostics and drug development capabilities, we provide insights and accelerate innovations to improve health and improve lives. With more than 70,000 employees, we serve clients in more than 100 countries. Labcorp (NYSE: LH) reported revenue of $14.0 billion in FY2020. Learn more about us at www.Labcorp.com or follow us on LinkedIn and Twitter @Labcorp.

# # #

Labcorp Contacts:

Investors: Chas Cook — 336-436-5076

[email protected]

Media: Christopher Allman-Bradshaw — 336-436-8263

[email protected]

KEYWORDS: United States North America North Carolina

INDUSTRY KEYWORDS: Health Medical Devices Hospitals Genetics Clinical Trials Pharmaceutical Biotechnology

MEDIA:

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Wabash National Schedules Second Quarter 2021 Earnings Conference Call

LAFAYETTE, Ind., July 02, 2021 (GLOBE NEWSWIRE) — Wabash National Corporation (NYSE: WNC) today announced that it will webcast its quarterly earnings conference call to review and discuss its financial results for the second quarter 2021 on Wednesday, July 28, 2021 beginning at 10:00 a.m. ET.

The call and an accompanying slide presentation will be accessible on the “Investors” section of Wabash National’s website, www.wabashnational.com, under “Events & Presentations.” The conference call will be accessible by dialing (833) 476-0947, conference ID 3994951. A replay of the call will be available shortly after the conclusion of the presentation and will remain available for one year following the date of the call. Access to the replay will be available on the “Investors” section of Wabash National’s website under “Events & Presentations.”

Wabash National’s earnings press release, earnings slides and any other related presentation materials will be posted to the “Investors” section of Wabash National’s website by 7:00 a.m. ET on the date of the earnings call and will remain available following the call.

About Wabash National Corporation

As the innovation leader of engineered solutions for the transportation, logistics and distribution industries, Wabash National Corporation (NYSE:WNC) is Changing How the World Reaches You™. Headquartered in Lafayette, Indiana, the company’s mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash National designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, liquid tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions and specialty food grade equipment. Its innovative products are sold under the following brand names: Wabash National®, Benson®, Brenner® Tank, Bulk Tank International, DuraPlate®, Supreme®, Transcraft®, Walker Engineered Products, and Walker Transport. Learn more at www.wabashnational.com.

Media Contact:

Dana Stelsel
Director, Corporate Communications
(765) 771-5766
[email protected]

Investor Relations:
Ryan Reed
Director, Corporate Development & Investor Relations
(765) 490-5664
[email protected]



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Shenandoah Telecommunications Company Declares $18.75 per Share Special Dividend

EDINBURG, Va., July 02, 2021 (GLOBE NEWSWIRE) — The Board of Directors of Shenandoah Telecommunications Company (“Shentel” or the “Company”) (NASDAQ: SHEN) declared a special dividend of $18.75 per share on the issued and outstanding shares of Shentel’s common stock. The special dividend is payable on August 2, 2021 to shareholders of record as of the close of business on July 13, 2021. In accordance with NASDAQ rules, the ex-dividend date will be August 3, 2021, the first business day after the payment date.  

The Company currently expects approximately $19.6 million of the special dividend to be reinvested in shares of the Company’s common stock via the Company’s Dividend Reinvestment Plan. The reinvested dividends are expected to be used to purchase shares of the Company’s common stock in market transactions during the thirty days following the dividend payment date.

The total payout to Shentel shareholders, before any reinvestments via the Company’s Dividend Reinvestment Plan, will be approximately $936.6 million.

“We are pleased to return over $936 million in value to our shareholders after the successful sale of our Wireless assets and operations to T-Mobile,” said the Company’s President and Chief Executive Officer Christopher E. French. “As we close our chapter as a provider of mobile wireless services, we are excited about the growth prospects of our broadband centric company and the opportunity to create shareholder value by providing the fastest internet services in our markets through our unique, integrated cable, fiber and fixed wireless broadband networks.”

About Shenandoah Telecommunications

Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art cable, fiber optic and fixed wireless networks to customers in the Mid-Atlantic United States. The Company’s services include: broadband internet, video, and voice; fiber optic Ethernet, wavelength and leasing; and tower colocation leasing. The Company owns over 6,800 route miles of fiber and 223 macro cellular towers. For more information, please visit www.shentel.com.

This release contains forward-looking statements about Shentel regarding, among other things, its business strategy, its prospects and its financial position. These statements can be identified by the use of forward-looking terminology such as “believes,” “estimates,” “expects,” “intends,” “may,” “will,” “should,” “could,” or “anticipates” or the negative or other variation of these or similar words, or by discussions of strategy or risks and uncertainties. The forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to Shentel’s beliefs and expectations as to future events and trends affecting its business that are necessarily subject to uncertainties, many of which are outside Shentel’s control. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved, and actual results may differ materially from those contained in or implied by the forward-looking statements as a result of various factors. A discussion of other factors that may cause actual results to differ from management’s projections, forecasts, estimates and expectations is available in Shentel’s filings with the Securities and Exchange Commission. Those factors may include natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as COVID-19, changes in general economic conditions, increases in costs, changes in regulation and other competitive factors. The forward-looking statements included are made only as of the date of the statement. Shentel undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events, except as required by law.

CONTACTS:

Shenandoah Telecommunications Company

Jim Volk
Senior Vice President – Chief Financial Officer
540-984-5168
[email protected]



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GMS Completes Acquisition of Westside Building Material

GMS Completes Acquisition of Westside Building Material

TUCKER, Ga.–(BUSINESS WIRE)–
GMS Inc. (NYSE: GMS), a leading North American specialty distributor of interior building products, today announced the successful completion of its previously announced acquisition of Westside Building Material (“Westside”), one of the nation’s largest independent distributors of interior building products.

“Building on the momentum of our very solid fourth quarter 2021 earnings report, we are pleased to announce the successful completion of this transaction and welcome the Westside team to GMS,” said John C. Turner Jr., President and Chief Executive Officer of GMS. “Westside significantly increases our reach in several major California markets and represents our first foray into the Las Vegas market. Expanding our geographic platform through accretive acquisitions, such as this one, continues to be a vital component of our strategic growth priorities.”

GMS funded the $135.0 million purchase price proceeds with cash on hand and available borrowings on its revolving credit facility.

About GMS

Celebrating the 50th anniversary of its founding in 1971, GMS operates a network of more than 275 distribution centers across the United States and Canada. GMS’s extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary construction products is designed to provide a comprehensive one-stop-shop for our core customer, the interior contractor who installs these products in commercial and residential buildings.

For more information about GMS, please visit www.gms.com.

Carey Phelps

Vice President, Investor Relations

Phone: 770-723-3369

Email: [email protected]

KEYWORDS: United States North America Nevada Georgia

INDUSTRY KEYWORDS: Interior Design Architecture Other Construction & Property Residential Building & Real Estate Commercial Building & Real Estate Construction & Property Building Systems

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TNMP Reaches Settlement for 98% Requested Recovery of Distribution Investments

PNM Resources Q2 2021 Earnings Results to be Announced July 30

PR Newswire

ALBUQUERQUE, N.M., July 2, 2021 /PRNewswire/ — Texas-New Mexico Power Company (TNMP), the Texas utility subsidiary of PNM Resources, Inc. (NYSE: PNM), filed a settlement in its application to amend its Distribution Cost Recovery Factor to recover nearly $105 million in net distribution infrastructure investments made during 2020 to reliably serve customers’ power needs.

The unanimous settlement with parties calls for increased annual revenues of $13.5 million and reflects 98% of the company’s filed revenue requirement. The settlement is subject to approval from the Public Utility Commission of Texas and is expected to be implemented September 1, 2021.

PNM Resources to Announce Q2 2021 Earnings Results

PNM Resources will announce 2021 second quarter financial results prior to the market opening on Friday, July 30, 2021. The earnings news release will be issued at 6:30 a.m. Eastern.

In light of the previously announced merger transaction with AVANGRID, the company will not host a conference call. Additional information on the company’s financial results and the pending merger transaction can be found on the company’s website at www.PNMResources.com.

Background:
PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2020 consolidated operating revenues of $1.5 billion. Through its regulated utilities, PNM and TNMP, PNM Resources provides electricity to approximately 800,000 homes and businesses in New Mexico and Texas. PNM serves its customers with a diverse mix of generation and purchased power resources totaling 3.0 gigawatts of capacity, with a goal to achieve 100% emissions-free energy by 2040. For more information, visit the company’s website at www.PNMResources.com.


CONTACTS:


Analysts


Media

Lisa Goodman

Ray Sandoval

(505) 241-2160

(505) 241-2782

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release for PNM Resources, Inc. (“PNMR”), Public Service Company of New Mexico (“PNM”), or Texas-New Mexico Power Company (“TNMP”) (collectively, the “Company”) that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. PNMR, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements. PNMR’s, PNM’s, and TNMP’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. Additionally, there are risks and uncertainties in connection with the proposed acquisition of us by AVANGRID which may adversely affect our business, future opportunities, employees and common stock, including without limitation, (i) the expected timing and likelihood of completion of the pending Merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending Merger that could reduce anticipated benefits or cause the parties to abandon the transaction, (ii) the failure by AVANGRID to obtain the necessary financing arrangement set forth in commitment letter received in connection with the Merger, (iii) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement, (iv) the risk that the parties may not be able to satisfy the conditions to the proposed Merger in a timely manner or at all, , and (v) the risk that the proposed transaction could have an adverse effect on the ability of PNMR to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company’s Form 10-K, Form 10-Q filings and the information included in the Company’s Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.          

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SOURCE PNM Resources, Inc.